[miningmx.com] – GOLD One International was under pressure after it posted disappointing results in which it booked a R684m impairment on Rand Uranium and disclosed a breach of debt covenants with Investec Bank, said BDLive.
BDLive quoted Gold One interim CEO, Chris Chadwick, as saying: ” Investec and Gold One continue to co-operate and are in discussions with regard to remedies to the breach including a refinancing of the existing facilities.
“The board expects these negotiations to be concluded successfully.”
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